A share price of TEGNA Inc [TGNA] is currently trading at $14.68, down -1.74%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TGNA shares have gain 4.48% over the last week, with a monthly amount glided 4.78%, and seem to be holding up well over a long-time horizon.
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On 19, March 2024, TEGNA to Host First Quarter 2024 Earnings Conference Call on Wednesday, May 8, 2024. In a post published today on Yahoo Finance, TEGNA Inc. (NYSE: TGNA) will host a conference call to discuss its first quarter 2024 earnings results on Wednesday, May 8, 2024, at 10 a.m. (ET).
From an analyst’s perspective:
Previously, Wells Fargo downgraded its rating to Equal Weight on May 05, 2022, and kept the price target unchanged to $24. On April 13, 2022, downgrade downgraded it’s rating to Hold. Barrington Research downgraded its rating to a Mkt Perform. Wells Fargo upgraded its rating to a Overweight. The Benchmark Company reiterated a Buy rating for this stock on February 12, 2020, and upped its price target to $22.
TEGNA Inc experienced fluctuations in its stock price throughout the past year between $13.40 and $17.37. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. TEGNA Inc [NYSE: TGNA] shares were valued at $14.68 at the most recent close of the market. An investor can expect a potential return of 63.49% based on the average TGNA price forecast.
Analyzing the TGNA fundamentals
Trailing Twelve Months sales for TEGNA Inc [NYSE:TGNA] were 2.91B which represents -20.86% decline. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.16 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.54 points at the first support level, and at 14.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.90, and for the 2nd resistance point, it is at 15.13.
TEGNA Inc [TGNA] reported earnings per share of $0.43 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.47/share, meaning a difference of -$0.04 and a surprise factor of -8.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.39 per share as compared to estimates of $0.39 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for TEGNA Inc [NYSE:TGNA] is 2.48. As well, the Quick Ratio is 2.48, while the Cash Ratio is 0.85. Considering the valuation of this stock, the price to sales ratio is 0.89, the price to book ratio is 0.98 and price to earnings (TTM) ratio is 6.48.
Transactions by insiders
Recent insider trading involved Fisher Newberg Lauren, SVP and Chief Legal Officer, that happened on Mar 15 ’24 when 8477.0 shares were sold. President and CEO, Lougee David T completed a deal on Feb 05 ’24 to sell 0.15 million shares. Meanwhile, President and CEO Lougee David T sold 100000.0 shares on Nov 30 ’23.
